Emerging Trends in Lower Extremity Devices Market 2020 and Global Foreseen Till 2025 | Analysis by Top Key Vendors - Stryker, immer Biomet, DJO Global, CONMED, Active Implants, OsteoMed, Medtronic PLC

Global Lower Extremity Devices Market overview:

The growing demand for Lower Extremity Devices has provided a major boost to the Global Lower Extremity Devices Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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The portion of the lower human limb, which comprises the hips and extends from the knee till the ankle, is known as the lower extremity. The lower extremity region is involved with basic functioning, coordination, and movements such as running, standing, kicking, jumping, and others. Pain, inflammation, and stiffness of the joints, and arthritis are some of the diseases that affect the lower extremities. Increase in technological advancements in orthopedic devices supplements the lower extremity devices market. Furthermore, increase in prevalence of bone-related disorders and rise in global geriatric population boost the market growth. However, stringent government regulations towards lower extremity devices impedes this growth.

The global Lower Extremity Devices Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Braces & Supporting Systems

2 Accessories

3 Ortho-biologics

On the basis of End Use Industry, the market is split into:

1 Hospitals

2 Clinics

3 Ambulatory Surgical Centers

Objectives of the Study

To describe and forecast the global Lower Extremity Devices Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Lower Extremity Devices Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Lower Extremity Devices Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Lower Extremity Devices Market.

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Some of the Lower Extremity Devices Market manufacturers involved in the market are DePuy Synthes, Stryker Corporation, immer Biomet, DJO Global, CONMED, Bone Therapeutics, Active Implants, OsteoMed, Medtronic PLC, Acquisitions and effective mergers are some of the strategies adopted by the Lower Extremity Devices Market manufacturers. New product launches and continuous technological innovations are the Lower Extremity Devices Market strategies adopted by the major players.

Latest Industry Updates:

Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced it is publicly sharing the design specifications for the Puritan Bennett(TM) 560 (PB 560) to enable participants across industries to evaluate options for rapid ventilator manufacturing to help doctors and patients dealing with COVID-19. This decision is consistent with the recent FDA Guidance and in accordance with the public health and medical response of governmental agencies globally.

Introduced in 2010, the PB 560 is sold in 35 countries around the world. This ventilator's ability to be used in a range of care settings, as well as its technology and design, make it a solid ventilation solution for manufacturers, inventors, start-ups, and academic institutions seeking to quickly ramp up ventilator design and production. PB 560 product and service manuals, design requirement documents, manufacturing documents, and schematics are now available at Medtronic.com/openventilator. The PB 560 design specifications are available today, software code and other information will follow shortly. The PB 560 ventilator is a compact, lightweight, and portable ventilator that provides airway support for both adults and children. It can be used in clinical settings and at home and provides mobile respiratory support.

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Asia Pacific was a prominent market for Lower Extremity Devicess in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Lower Extremity Devices market in Asia Pacific.

There are several manufacturers of Lower Extremity Devicess in Europe and North America. In North America, the demand for Lower Extremity Devicess is primarily driven by the residential sector. Improved standards of living and rising usage of Lower Extremity Devicess for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Lower Extremity Devices Market Report 2020

1 Lower Extremity Devices Definition

2 Global Lower Extremity Devices Market Major Player Share and Market Overview

3 Major Player Lower Extremity Devices Business Introduction

4 Global Lower Extremity Devices Market Segmentation (Region Level)

5 Global Lower Extremity Devices Market Segmentation (Product Type Level)

6 Global Lower Extremity Devices Market Segmentation (Industry Level)

7 Global Lower Extremity Devices Market Segmentation (Channel Level)

8 Lower Extremity Devices Market Forecast 2020-2024

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